The First Israel Fund, Inc. Announces Performance Data and Portfolio Composition
November 02 2009 - 12:37PM
PR Newswire (US)
PHILADELPHIA, Nov. 2 /PRNewswire-FirstCall/ -- The First Israel
Fund, Inc. (the "Fund") (NYSE AMEX: ISL), a closed-end equity fund,
announced today its performance data and portfolio composition as
of September 30, 2009. The Fund's total returns for various periods
through September 30, 2009 are provided below. (All figures are
based on distributions reinvested at the dividend reinvestment
price and are stated net-of-fees): Period NAV Total Return % Market
Price Total Return % Cumulative Annualized Cumulative Annualized
Since inception 222.1 7.2 193.9 6.6 (October 1992) 10-years 97.9
7.1 125.0 8.4 5-years 70.2 11.2 86.1 13.2 3-years 21.3 6.6 23.1 7.2
1-year 14.6 35.6 On September 30, 2009, the Fund's net assets
amounted to US$63.4 million and the Fund's NAV per share was
$14.83. As of September 30, 2009, the portfolio was invested as
follows: Portfolio Composition Percent of Net Assets Financials
31.2 Other 17.5 Consumer, Non-Cyclical 17.1 Basic Materials 11.8
Communications 10.5 Industrials 8.1 Technology 2.3 Diversified 1.0
Consumer, Cyclical 0.5 The Fund's ten largest equity holdings as of
September 30, 2009, representing 68.8% of net assets, were: Stock
Percent of Net Assets Teva Pharmaceutical Industries Limited 11.7
United Mizrahi Bank Limited 9.9 Israel Chemicals Limited 9.8 Bezeq
The Israeli Telecommunication Corporation Limited 9.5 Check Point
Software Tech 5.7 Bank Hapoalim BM 4.8 Bank Leumi Le-Israel BM 4.8
Harel Insurance Investments & Financial Services 4.8 Perrigo
Company 4.8 Shikun & Binui Limited 3.0 Important Information
Aberdeen Asset Management Inc. has prepared this report based on
information sources believed to be accurate and reliable. However,
the figures are unaudited and neither the Fund, Aberdeen Asset
Management Investment Services Limited (the Investment Adviser),
nor any other person guarantees their accuracy. Investors should
seek their own professional advice and should consider the
investment objectives, risks, charges and expenses before acting on
this information. Aberdeen is a U.S. registered service mark of
Aberdeen Asset Management PLC. Total return figures with
distributions reinvested at the dividend reinvestment price are
stated net-of-fees and represents past performance. Past
performance is not indicative of future results, current
performance may be higher or lower. Holdings are subject to change
and are provided for informational purposes only and should not be
deemed as a recommendation to buy or sell the securities shown.
Inception date October 29, 1992. If you wish to receive this
information electronically, please contact: DATASOURCE: The First
Israel Fund, Inc. CONTACT: Aberdeen Asset Management Inc. Investor
Relations, +1-866-839-5205,
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